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<br /> 9?v �,69.�.�.�:� �
<br /> paymenis may no longcr bc rcquired,at thc option of Lcndcr,if mortgagc insurance wvcraBc(►n ihe amount sind for the period � :
<br /> tha�L.cndcr rcquires)providcd by an insurer approved by Lcndcr agaln becomes available and is obtained. Horrower shaU pay thc
<br /> premiums requireci to main�ain mortgage insurancc in effect, ar to provide a loss reservo, until the requirement for moxtgage
<br /> insurance endn in accordance with enY wretten agrr,ement hctween Borrower and Lender or appGcable law. ��der shcill give
<br /> 9.InspecHon. Lcnder or its agent may make rcasonable entries upon and inspecdons of thc Property.
<br /> Bortower nodce at the time of or pcior w an inspection specifying reasonable cause for the inspection.
<br /> 10.Condemnatton. The proceeds of any award or claim for damages, direct or consequential, in connectioa with any
<br /> condemnadon or other taking of any part of the Property,or for conveyance in lieu of condemnation,are hereby assi�r►ed and
<br /> s��l�c paid to Lcnder.
<br /> In the event of a total taking of the Properry,the proceecls shall be applied w the sums secured by this Security Instrument,
<br /> whether or not then due,with any excess paid Go Borrower.In the event of u pertial taking of ihe Property in which the fair market „
<br /> value of the Property immediately before the taking is equal co or greater than the amount of the sums secured by this Security .
<br /> Instrument immcdiately before the taking, unless Borrower and Lendcr atherwise agree in writin8.the sums secured by this .�����',iqn••
<br /> Secuaity Instrument shall be reduced by the amount of the proceeds muldplied by the following fraction: (a) the total amount of _
<br /> ttie sums sccured 'ur►mcdietely before the taking, divided by (b) the fair merket value of the Property immediatcly bafore the ':�.;:�_.,
<br /> tal�ing.My balance shall be paid to Borrower.In thc event of a partial taking of 1he Progerly in v�hich the fnir market value of the . ����3._
<br /> propeity immedlaLely before the taking is less then the amount of the sums sccured immediaccly hefore the taking, uole.ss . , �t.:. .
<br /> � �,•. �
<br /> Bomower and Lender othenvise agrce in writir►g or unless applicable law othezwise provides,the proceeds shall be applied w die � '+ ,�.�,Y ,
<br /> sums secured by d►is Securicy Instrument whether or not the sums are then duc. �� '-"'�
<br /> If the Property is abandoned by Borrower,or if,after nodce by Lender to Borrower that the condemnor offers to makc an ;�;� �,�__
<br /> �.p
<br /> awerd or settle a claim for damages,Borrower fails w respond to Lender wi�hin 30 days after the date the notice is given,Lendcr F ._;�
<br /> is anthorized to collect and apply the proceeds,at its opdon,either to restoradon or repair of the Property or to the sums secwed �;��,�:Y
<br /> �, by this Se�urity Instrument,whether or not thcn due.
<br /> Unless Lender end IIorrower othecwise�gree in writinB.anY aPPli�aon of proceeds co principal shaU not extend or postpone
<br /> the duc date of the monthly payments referred w in paraBraPhs 1 and 2 or chenge the amount of such payments. �.'.;
<br /> 11.Borrower Not Rekased;Forbearance By Lender Not a Waiver. Bxtension of the time for payment or modification
<br /> - of the sums secured bY[�us SecuriiY Lt:su�,zent gr�:.i:.�hy:.e_�c!^s se�ny suc���mr in interest of Borrower shall �:: ' '�j,:: �
<br /> af amortizaaon
<br /> not operate to release the liability of the original Bomowet or Borrower's successors in interesG 1.ender shtillll noi be requimd to ' ,4�� � �,�' � ,
<br /> commr,nce proceedings against anY successor in interest or refuse to extend dme for payment or otherwise modify amorti�.ation of ;;,•,��,. �
<br /> the sums secured by this Securiry Instrument by reason of any demand made by the original Bonower or Boaower's successors y .,i
<br /> um
<br /> in inceresG Any forbearance by Lender in exercis�ing at►Y right or remedy shall nat be a waiver of or preclude the exercise of any ,,'
<br /> rightor remedy. ':j�
<br /> 12.Successors and Assigns Bouad;Joint and Several LiabilIty;Co•slgaere. 'ltie covenants end agreements of thi� {�
<br /> Securiry Insorument shall bind and benefit the successors and assigns of Lender and Borrower, subject ta the provisions of _ ,
<br /> " pars�aPh 17. Borrower's cavenants and agceexr►ents shall be joint and several. Any Bonower who co-signs this Security ,.
<br /> Inst=ument but does not execute the Note: (a)is co-signing this Security Insuument only to mortgage,grant and convey that .�_Y
<br /> Eonrower's interest in the Property under the terms of this Security Insuumenr(b)is not personally obligated to pay the sums ��t �,��
<br /> �� ;� sectucd by this Security Instrument;end(c)agrees that Lender end any other Borrower may agree to extend,modify,forbear or �'.,�
<br /> � � maka eny eccomn►odavons with regsud to the terms of thia Seciuity Insaument or the Note without that Bocrower's consent _��__�
<br /> r � 13.I.oan Churg�. If the loan securecl by thic Security Instrument is subject to a law which sets maximum loan charges, ��.�,_.,:
<br /> � J• � and Ihat l�w is finally interpret,ed so that the interest or other loan charges collected or w be collceted in connection with the loan ' ��;:___a.�__
<br /> � ' eaceed the pesmiued limits.dKen:(a)ar+y such(oan charge shall be reduced by the amowt necessary eo reduce the charge W the :�,.;::
<br /> � � permiued limit;and(b)any sums aLready collected from Borrower which exceeded permitted limits wIll be refunded to Borrower. ��
<br /> ;!� s+:,v
<br /> � � Lender may choose to make this refund by redu�ing the principal owed under the Note or by making a direct payment to :-Y"�"`=�= _
<br /> z� ��
<br /> Borrower. If a refund reduces principal,the reducHon will be treated as a pardal prepayment without any prepayment charge :'��;_-�,
<br /> �37r�--
<br /> ` � wdcr the Note. •�° _
<br /> ° 1 14.Notises. Any nodce to Bonower provided for in this Sec�riry Instrurnent shall be given by delivering it or by mailing it ���;,�.�- �.
<br /> j by firat cltiss mnil unless applicable law requires use of another method. 'Ihe notice shiill be directed to the Property Address or ;°. , ` :f�.�,,
<br /> � S 1:*.'Dh.'. :_s�i�
<br /> � any other address B o r r o w e r d e sign a t es by notice w L.ender.Any notice tn L.ender shall be gtven by fir�t class mail to L.ender's .:'�,,,..,,y,.,,.,,`:„„,
<br /> address stated herein or any ather address Lender designates by nodce to Sarrowcr. My nodce provided for in thu Security �
<br /> Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paregraph. .
<br /> 15.Governing Law;SeverabWty. This Security Instrument shall be govemed by federal law and thc law of the .
<br /> j�risdiction in which the Property is located.In the event that any provision or clause of this Security Instrument or the Note
<br /> conflicts with npplicable law, such conflict shall not affect other provisions of this Securiry Instrument or the Note which cas►be
<br /> given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note are declared to ,
<br /> be severable.
<br /> Form 30Z8 �l90
<br /> �•6R(NE)ID2t2I.ot P�p�4 ot e inmma: . ..
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